Logging Loans

Looking for loans for logging? The SBA may be the answer. This $605,343 logging loan was issued by an Oklahoma bank.

Getting a small business loan in Eagletown, Oklahoma was important for this growing firm back in 2003 and, based on their loan application, they were successful in getting an SBA loan from Idabel National Bank, operating out of Idabel, Oklahoma. Here are the details on this Oklahoma small business loan.

SBA Loan Borrower

COMPANY TYPE: LOGGING
EAGLETOWN, OK 74734

SBA Loan Lender

IDABEL NATIONAL BANK
1201 SE WASHINGTON
IDABEL, OK 74745

SBA 7a lending is the most popular loan program offered by the Small Business Association (SBA), a federal lending guaranty program. This SBA loan was issued via the SBA 7a lending program.

SBA Loan Program Type

This loan was issued as a general business loan.

SIC Code

2411 - Logging

NAICS Code

113310 - Logging

Loan Approval Date

8/7/2003

Loan Approval Gross Amount

$605,343

Loan Approval from the SBA

Of the total $605,343 loan amount, the SBA guaranteed $454,007.

More Information on This SBA Loan

The borrower borrowed this money for an existing business. This loan was not for a franchise. At the time of the loan, the company had 16 employees. The SBA loan documents did not indicate that the business planned to use the funding to increase staffing levels or retain any existing employees.

Great, But How Can I Get an SBA Loan for My Business?

SBA loans provide money to small business owners for working capital for other expenses.

The SBA is an excellent funding resource for business owners who cannot easily find funding through conventional funding sources. Banks like Idabel National Bank are ready to help you through the process. Whether you need money to open a store, need money to launch a startup business, or are raising money as working capital for an existing entity, the SBA is there for you.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

Related Links:

Determining Proper Capital Structure for a Business

SBA Approved Banks in Idabel, Oklahoma

Find an SBA Lender in Oklahoma